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Should it be per rate - different accounts for collected and duty tax for each rate ?
Per rate is not an obligationshould not be done unless some tax authority requires you to account for taxes collected at various rates. A problem here is that it should be dynamic require GL accounts to be created dynamically since rates can be created dynamically.

– Do you mean that per rate is not a requirement for Ofbiz? - Paul Foxworthy

  • Jacques: Paul, OFBiz has per rate taxes. What I mean here is you would need to assign dynamically GL accounts while creating rate for taxes...

Separating collected and due taxes is mandatory and done in OFBiz though no VAT Separating collected and due taxes is mandatory and done in OFBiz though no VAT specific accounts exist. See "Purchase order VAT" section below. We need at least an incoming tax (sales) GLAccount and an outgoing tax (purchase) GLAccount. Here is an interesting comment by Enrique Ruibal A.

– If Ofbiz is used by a multinational company, I assume there would need to be separate GL accounts for incoming and outgoing tax that needs to be reported to the various tax authorities. Comments?
– The collecting of tax must interact with multi-currency accounting.

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outgoing tax (purchase) GLAccount. Here is an interesting comment by Enrique Ruibal A.

Discounts applied per line

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JLR note 2008/11/18 : not sure who wrote that, nothing in Jira yet.

Interesting mailing list thread thread on this.

Paul Foxworthy 2010-10-21 The trouble is that the product store is being used to determine the tax that applies for sales, but there is no product store for purchases. There needs to be another way of determining  determining the tax that applies to purchase orders. It is true, as tax on a purchase order is just an estimate , but if you are paying at the time of purchase order, you want an accurate estimate so you pay the right tax with the order.

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In Australia it is a legal requirement that retail prices quoted to consumers must include GST.

A 10% GST applies is added to the price of most goods and services. In other words, a quoted retail price will likely include a GST of one-eleventh of that price.

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